6 years ago
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The Weinstein Co. Declares Bankruptcy
The Weinstein Co. announced Monday that it had filed for bankruptcy, finding itself unable to survive the allegations of sexual abuse leveled against co-founder Harvey Weinstein last fall. The company may yet be able to reorganize and continue to produce TV shows and films under new ownership. Lantern Capital put in a “stalking horse” bid, which provides a floor for a bankruptcy auction.
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Well that was unexpected. /s